Loading market view
Loading market view
Loading correlations
Direxion Daily 20+ Year Treasury Bull 3X ETF (TMF) vs 30Y Mortgage Rate
Correlation
of % moves
-55%
In sync
of periods
25%
History
weeksweeks · through 2026-36
261
These move in the same direction about 25% of the time
Their swing sizes loosely mirror each other (~30% of the pattern is shared).
Strong enough to use as a signal — check the stability and regime notes below before relying on it.
On a log scale so equal % moves take equal vertical space — best when one series has grown much faster than the other.
What to Watch
Tighter in drawdowns
The relationship is stronger when both prices are falling than when both are rising — typical risk-off behaviour.
Mostly stable
The relationship drifts a little but stays in the same neighbourhood.
Advanced
Statistics
In sync(i)
25%
Headline metric
Movement correlation(i)
-55%
Based on % moves
95% CI
-63% → -46%
Likely range of correlation
Pipeline
Pipeline Summary
261 paired data points survived the weekly window.
Raw input
1,253
2,893
Normalized
1,253
2,893
Prepared
262
2,893
Aligned
261
261
Invalid removed
R²(i)
30%
Variance explained
Significance
p < 0.001
Statistical confidence
Data points(i)
260
Robust
Time-Shifted Correlation
See how correlation changes when one series is offset in time. A taller bar at a non-zero shift means the two move together better when one leads the other — that's a potential lead/lag signal.
Correlation by shift
Click a bar to inspect. Range: -12 to 12 weeks.
Selected shift
No shift
Correlation at this shift
-55%
No shift — both series at their actual dates.
260 overlapping points at this shift
Baseline
-55%
No-shift correlation, matching the main time-series chart above.
Peak shift
No shift
-55%
A non-zero peak suggests one series lines up better when shifted against the other.
Stability
How the correlation evolves over time. A stable line means the relationship is reliable; large swings signal regime-dependent behavior.
Do They Crash Together?
How these series behave when markets are rising, falling, or diverging. A correlation that holds in drawdowns is very different from one that only works in rallies.
Both Rising
-2%
24 periods · Return correlation when both series rose
Both Falling
-24%
36 periods · Return correlation when both series fell
Diverging
-66%
178 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
2,633
A: 1 / B: 2632
Series A
Direxion Daily 20+ Year Treasury Bull 3X ETF (TMF)
TMF
Stock · 1,253 raw → 262 prepared
Series B
30Y Mortgage Rate
MORTGAGE30US
FRED · 2,893 raw → 2,893 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
7
Estimated crossover points between normalized spreads.
Slope
-0.2443
Linear regression slope.
Intercept
0.0012
Linear regression intercept.
Saved 4 months ago · ID: fred-mortgage30us_stock-tmf_weekly_5y